Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Binance against KuCoin−0.047%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.047%, 7d avg +0.015%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.062% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4530	0.0100	pay 0.0100% / 8h	7h 57m	$6.7M	$11.6M	50x
Short	Binance WLDUSDT	0.4528	0.0100	get 0.0100% / 8h	7h 57m	$86.9M	$333.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.015%: −$6.18
Slippage, 4 orders: −$39.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.82
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 1 min ago	2.21 bp	18.8 bp −$19	45.8 bp −$458	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.11 bp	7.3 bp −$7	14.8 bp −$148	54.2 bp −$5,417	190.6 bp −$95.3K

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	0.0000%	1h	0.4527	−0.069%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4525	−0.110%	$40K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4535	+0.110%	$120K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4532	+0.042%	$66K	—	150x	as long as short
Nado WLD-PERP	+0.0011%	1h	0.4532	+0.055%	$235K	$175K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4534	+0.088%	$27K	$631K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4532	+0.053%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4527	−0.056%	$54K	$543K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4528	−0.047%	$86.9M	$333.2M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4529	−0.022%	$64.1M	$89.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4530	0.000%	$34.3M	$150.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4531	+0.022%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4533	+0.066%	$42.3M	$55.4M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4530	long leg	$6.7M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4532	+0.044%	$29.9M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4530	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4533	+0.066%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4521	−0.201%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	−0.225%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	−0.052%	$601K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4521	−0.199%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4533	+0.066%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4539	+0.199%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4533	+0.066%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4529	−0.022%	$828K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4533	+0.066%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4531	+0.019%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4536	+0.132%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.486%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4530	−0.003%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4530	−0.007%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4534	+0.080%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4534	+0.088%	$4.4M	$900K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4535	+0.117%	$324	$55	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0302%	1h	0.4535	+0.101%	$872K	$2.8M	50x	as long as short
Lighter WLD	+0.0360%	1h	0.4539	+0.196%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0435%	1h	0.4536	+0.139%	$50.4M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4533	+0.066%	$269K	$1.6M	50x	as long as short